Connect with us

society

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

Published

on

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

 

There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in pursuit of better opportunities.

 

 

 

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

He settled in the United States and began building a successful career in finance. Despite his success, Tunde couldn’t shake off the feeling of homesickness. He often thought about his family and friends back in Lagos, and the beautiful city that he had left behind.

 

 

 

 

 

 

 

 

Years passed, and Tunde had all but given up on ever returning to Nigeria. However, one day, he received a call from his sister back in Lagos.

 

 

 

 

 

 

 

 

She told him about the booming real estate market in the city and how property prices were skyrocketing. Tunde was intrigued and began researching the market.

 

 

 

 

 

 

 

He discovered that there was indeed a huge demand for properties in Lagos, and that the returns on investment were quite high.

 

 

 

 

 

 

After much consideration, Tunde decided to invest in a couple of properties back in Lagos.

 

 

 

 

 

He partnered with a reputable local real estate company, and soon enough, he had a few properties under his belt. To his surprise, the returns on his investment were even higher than he had initially thought.

 

 

 

 

 

 

Tunde was thrilled with the success of his investments, and he couldn’t believe that he had almost missed out on such a great opportunity.

 

 

 

 

 

 

 

Feeling financially secure and with a sense of fulfillment, Tunde decided to return to Lagos.

 

 

 

 

 

 

He was greeted with open arms by his family and friends, and he felt like he was truly home. He decided to give back to the community and started mentoring young entrepreneurs interested in the real estate market.

 

With his newfound success and sense of belonging, Tunde couldn’t be happier. He realized that sometimes, taking a chance and going back to one’s roots can lead to great rewards.

 

 

 

 

 

 

Without dragging feet and picking from Tunde’s experience, let me highlight why real estate is profitable in Lagos state?

 

  1. Population growth

 

Lagos is the most populous city in Nigeria, with a population of over 21 million people. This large population creates a constant demand for housing, making real estate a profitable investment.

 

  1. Economic growth

 

Lagos is the commercial capital of Nigeria and one of the fastest-growing economies in Africa.

 

 

Economic growth in the city leads to an increase in disposable income, which in turn drives demand for real estate.

 

  1. Limited supply

 

The supply of land in Lagos is limited, which drives up property values. The government has also placed restrictions on the development of certain areas, further limiting the supply of land available for real estate development.

 

  1. Foreign investment

 

The Nigerian government has been actively promoting foreign investment in the country, and Lagos is a popular destination for foreign investors. This has led to an increase in demand for real estate and driven up property values.

 

5.Rental income

 

The high cost of living in Lagos and the limited availability of affordable housing make rental properties a profitable investment.

 

The demand for rental properties is consistently high, which allows landlords to charge high rents and enjoy steady rental income.

 

  1. Developing Infrastructure

 

Lagos is undergoing significant infrastructure development. The government is investing in the construction of new roads, bridges, and public transportation systems.

 

 

This infrastructure development is making it easier for people to move around the city and access different areas, which is driving the development and growth of real estate markets in previously underdeveloped areas.

 

  1. High returns on investment

 

Real estate in Lagos tends to appreciate in value over time, offering investors high returns on their investment.

 

This is due in part to the limited supply of land and the high demand for housing, as well as the city’s economic growth and infrastructure development.

 

  1. Diversification

 

Investing in real estate in Lagos can diversify an investment portfolio, as it offers a different type of investment opportunity than traditional stocks or bonds.

 

Diversifying one’s investments can help mitigate risk and potentially provide higher returns over time.

 

Buying a property in Lagos is a venture you can never regret. In Nigeria, there’s a huge market that favors everyone in real estate already. Why don’t you start taking some steps toward it?

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

society

Beyond Optics: Setting the Record Straight on Nigeria’s TICAD Booth

Published

on

Top Presidential Aide Reveals Why Student Loan Program Is A Game Changer

Beyond Optics: Setting the Record Straight on Nigeria’s TICAD Booth

I feel compelled to clarify misconceptions around Nigeria’s so-called “unmanned booth” at TICAD, which has unfortunately become the subject of misleading commentary.

Beyond Optics: Setting the Record Straight on Nigeria’s TICAD Booth

First, the space in question is not a national pavilion. It is a designated spillover area—typically used by delegates without access to the main auditorium to follow proceedings, hold side meetings, or work quietly. Countries may choose to convert such spaces into national showcases, but it is not compulsory. Any Nigerian delegate can use the space at any time. Several other countries also had similar spaces today that were quiet or lightly used. It is neither unusual nor a sign of disengagement.

Now, to the real issue: Nigeria is not in Japan for optics. Visibility is not the only metric. Value is.

While some chase appearances, Nigerian officials are working deliberately and with focus:

HM Pate is finalising a landmark health sector agreement with Japanese partners.

HM Power is advancing a major energy partnership.

BOI and BOA are deep in investment negotiations.

HM Foreign Affairs is leading ministerial-level engagements and aligning national plans.

Mr. President is meeting Japanese investors, Nigerian diaspora business leaders, development partners, and fellow heads of government.

The work is being done—quietly, strategically, and with impact.

So what purpose is served by amplifying an incomplete visual to imply national failure? Even if unintended, this kind of knee-jerk commentary can undermine progress and reinforce misrepresentation. Visibility should not be confused with value; applause is not the same as achievement.

Koko of the Matter: Nigeria’s space was not “unmanned” in the sense implied. We are under no obligation to adopt the performative routines of others. In diplomacy, presence is not always performance—and substance will always outweigh spectacle.

In line with TICAD’s structure, Nigeria’s space will see more active use on Day 2 and Day 3, which focus on Economy and Society, functioning as an open national stand accessible to all delegates.

Let us focus on outcomes, not optics—in the best interest of our country.

~ Otega #TheTiger Ogra
@NigeriaGov @NGRPresident @NigeriaMFA

 

Continue Reading

society

LEKKI TOLL GATE RENAMED: 103 LIVES TOLL GATE LEKKI

Published

on

LEKKI TOLL GATE RENAMED: 103 LIVES TOLL GATE LEKKI

LEKKI TOLL GATE RENAMED: 103 LIVES TOLL GATE LEKKI

 

On October 20, 2020, the world witnessed the horror of the Lekki Toll Gate Massacre, where Nigerian youths raising their voices for justice were met with bullets instead of dialogue. 103 of those brave souls, now confirmed as victims, were gruesomely murdered and unceremoniously buried. Their blood still cries for justice.

 

LEKKI TOLL GATE RENAMED: 103 LIVES TOLL GATE LEKKI

 

In their honour, and in memory of the Nigerian flag that bled to death that night, the Believe and Build Nigeria Movement (BBNM) hereby announces the renaming of Lekki Toll Gate to “103 Lives Toll Gate, Lekki (103 LTG Lekki).”

 

 

This symbolic act is a call to conscience for Nigerians and the world: Humanity must never be silent again.

 

The official branding will be unveiled on September 20, 2025, and will fly across social media and global solidarity platforms from that date until October 20, 2025, and beyond.

 

We invite the world to mourn with us and join the call for remembrance and justice:

#103LivesTollGateLekki

Signed,
Dr. Bolaji O. Akinyemi, 20th, August 2025.
For Believe and Build Nigeria Movement (BBNM)

Continue Reading

society

Civil Society in Edo Clears Air on Auchi Crash, Says Dangote Cement Truck Was Not at Fault

Published

on

Civil Society in Edo Clears Air on Auchi Crash, Says Dangote Cement Truck Was Not at Fault

Civil Society in Edo Clears Air on Auchi Crash, Says Dangote Cement Truck Was Not at Fault

 

The Coalition of Edo Civil Society Organisations (CECSO) has absolved Dangote Cement of blame in the recent tragic accident along the Auchi-Okpella-Okene road, near the Omega Fire Ministry in Auchi, Etsako West LGA of Edo State, insisting that contrary to online reports, the company’s truck was not responsible for the fatal crash.

 

Civil Society in Edo Clears Air on Auchi Crash, Says Dangote Cement Truck Was Not at Fault

 

In a detailed investigative report released on Tuesday and signed by its president, Comrade James Osahon, the coalition said its independent findings aligned with police confirmation that it was a third-party cement truck, not the Dangote Cement CNG truck, that triggered the chain of events leading to the accident.

 

 

CECSO described as “malicious and mischievous” the attempt by certain groups and online platforms to hastily blame Dangote for the tragedy, stressing that such misinformation not only disrespects the dead but also undermines efforts at holding the real culprits accountable.

 

 

“After a careful on-the-ground investigation, which included visits to the accident scene and consultations with security personnel, we can authoritatively confirm that the accident was not caused by the Dangote Cement CNG truck. The evidence overwhelmingly shows that a third-party truck, loaded with cement, lost control on a slope due to suspected brake failure and rammed into other vehicles before colliding with the Dangote truck,” Osahon said.

 

 

He explained that the Dangote truck became an unfortunate victim of circumstance when it was struck on the side after the errant truck lost control, which eventually caused the Dangote vehicle to catch fire.

 

 

The coalition further reinforced its position with the official statement of the Edo State Police Command. The Police Public Relations Officer, CSP Moses Yamu, had earlier confirmed that three vehicles were involved in the accident — two trucks and a Mercedes-Benz GLK.

 

 

According to him, all three occupants of the GLK were evacuated to the hospital, where they were confirmed dead, while the Dangote truck that caught fire was later brought under control.

 

 

CECSO noted that this clear police confirmation invalidates the false narratives being pushed online, accusing some groups of deliberately seeking to “drag the name of Dangote through the mud.”

 

 

“This smear campaign is nothing but a hatchet job. We are aware that some shadowy interests are uncomfortable with the growing strides of Dangote Cement, particularly in the area of safer, cleaner CNG trucks now deployed on Nigerian roads. These individuals seize every tragedy as an opportunity to malign the company. But truth is sacred, and no amount of propaganda will change the facts,” Osahon declared.

 

 

The coalition stressed that civil society in Edo will not sit idly by while falsehood is weaponised against businesses and communities, warning that spreading misinformation in moments of tragedy only fuels public anger and diverts attention from systemic road safety lapses that truly require urgent solutions.

 

 

“We must not allow reckless narratives to overshadow the core issues of road safety, vehicle maintenance, and stronger regulation of third-party transport operators. What happened in Auchi is tragic, but blaming the wrong party will not bring back the lives lost or prevent future accidents,” CECSO declared.

 

 

The group also commiserated with families of the deceased and urged government agencies to fast-track road safety reforms, including stricter enforcement of haulage vehicle standards to reduce accidents caused by brake failure and poor vehicle maintenance.

 

 

Reaffirming its commitment to transparency and accountability, CECSO said it would continue to monitor the case to ensure that the victims receive justice and that accurate information reaches the public.

 

 

“We stand with the truth, and the truth is simple: Dangote Cement did not cause this accident. Any report suggesting otherwise is false, misleading, and driven by ulterior motives. We urge Nigerians to ignore such fake news and focus on demanding stronger road safety reforms. Our coalition remains committed to speaking truth to power and defending the integrity of our communities,” Osahon concluded.

Continue Reading

Cover Of The Week

Trending